Who is taking over carrefour

Carrefour declined to comment, and Couche-Tard could not immediately be reached to comment. See a sample. Please update your payment details to keep enjoying your Irish Times subscription.

Leila Abboud. Home energy upgrades are now more important than ever. The Dublin start-up making the future better with an appreciation for innovation. Latest Business. Clanwilliam to introduce AI-powered dictation software for healthcare Couche-Tard and Carrefour declined to comment. Earlier on Friday, France ruled out any sale of grocer Carrefour on food security grounds, prompting the Canadian firm and its allies to mount a last-ditch attempt to salvage the deal.

My answer is extremely clear: We are not in favour of the deal. Earlier on Friday, France ruled out any sale of grocer Carrefour on food security grounds, prompting the Canadian firm and its allies to mount a last-ditch attempt to salvage the deal. The no is polite, but it's a clear and final no. Couche-Tard was hoping to win France's blessing by offering commitments on jobs and France's food supply chain as well as keeping the merged entity listed in both Paris and Toronto, with Carrefour boss Alexandre Bompard and his Couche-Tard counterpart Brian Hannasch leading it as co-CEOs, one of the sources said.

The plan also included a commitment to keep the new entity's global strategic operations in France and having French nationals on its board, he said. Couche-Tard was also going to pump in 3 billion euros of investments to the French retailer — a plan that was widely backed by Carrefour, which employs , workers in France, its largest market, making it France's biggest private-sector employer. The French move, with ministers shooting down the offer less than 24 hours after talks were confirmed, sparked disquiet in some business circles over how French President Emmanuel Macron decides which foreign investment is welcome and which is not.

Some politicians and bankers said the push-back could tarnish Macron's pro-business image while others highlighted that the COVID crisis had forced more than one country to redefine its strategic national interests. The comments sparked a trans-Atlantic flurry of lobbying and Couche-Tard's Bouchard flew to Paris to explain the merits of the deal to Le Maire, the source said.

Bouchard said the finance minister reiterated his opposition without listening to the terms of the transaction.